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Constellation Brands (STZ) PT Raised to $308 at RBC Capital

April 12, 2024 6:32 AM EDT

RBC Capital analyst Nik Modi raised the price target on Constellation Brands (NYSE: STZ) to $308.00 (from $295.00) while maintaining a Outperform rating.

The analyst comments "Another strong print from STZ which only reaffirms our long-term bullishness in the company's ability to drive consistent CPG... More

Constellation Brands (STZ) PT Raised to $314 at Jefferies

April 12, 2024 6:07 AM EDT

Jefferies analyst Kaumil Gajrawala raised the price target on Constellation Brands (NYSE: STZ) to $314.00 (from $292.00) while maintaining a Buy rating.

The analyst comments "Beer grinds higher and should continue to do so, with +LDD% shelf space gains setting up a (+) F25. Wine &... More

Constellation Brands (STZ) PT Raised to $315 at BMO Capital

April 12, 2024 5:40 AM EDT

BMO Capital analyst Andrew Strelzik raised the price target on Constellation Brands (NYSE: STZ) to $315.00 (from $290.00) while maintaining a Outperform rating.

The analyst comments "STZs FY4Q24 EPS (ex-Canopy) of $2.30 (including $0.08 one-time write-off headwind) exceeded consensus of $2.11 as stronger Beer sales and lower... More

Constellation Brands (STZ) PT Raised to $264 at Deutsche Bank

April 12, 2024 5:17 AM EDT

Deutsche Bank analyst Steve Powers raised the price target on Constellation Brands (NYSE: STZ) to $264.00 (from $262.00) while maintaining a Hold rating.

The analyst comments "Overall, while our FY25 EPS estimate drifts higher (mainly on lower interest/taxes) our FY26 estimate falls modestly driven by... More

Constellation Brands (STZ) PT Raised to $300 at Goldman Sachs

April 12, 2024 4:32 AM EDT

Goldman Sachs analyst Bonnie Herzog raised the price target on Constellation Brands (NYSE: STZ) to $300.00 (from $290.00) while maintaining a Conviction Buy rating.

The analyst comments "Our View - We reiterate our Buy rating on STZ (on CL) following a strong finish to FY24 as FQ4 results surprised to the upside on higher beer sales/profits leading to an EPS beat. We came away from the quarter encouraged that: (1) total beer depletions were stronger than expected, up 8.9% in FQ4 (vs us/cons at 6.5%/6.8%) driven primarily by strength in the off-premise channel (~89% of STZ's total depletion... More

Constellation Brands (STZ) PT Raised to $310 at Evercore ISI

April 12, 2024 4:29 AM EDT

Evercore ISI analyst Robert Ottenstein raised the price target on Constellation Brands (NYSE: STZ) to $310.00 (from $300.00) while maintaining a Outperform rating.

The analyst comments "Were encouraged by continued momentum across the beer portfolio, as well as STZs above-Street EPS guidance for... More

Constellation Brands (STZ) PT Raised to $270 at CFRA

April 11, 2024 11:09 AM EDT

CFRA analyst Garrett Nelson raised the price target on Constellation Brands (NYSE: STZ) to $270.00 (from $245.00) while maintaining a Hold rating.

The analyst comments "We increase our 12-month price target by $25 to $270, based on a FY 26 (Feb.) P/E of 18.0x, a... More